El Nino Gets Reinforced by Cyclones as Event to Last Until 2016

The El Nino forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that’s evoking parallels with the record 1997-98 event.

Several cyclones, including a rare storm in the Southern Hemisphere this month, resulted in a strong reversal of trade winds near the equator, Australia’s Bureau of Meteorology said on its website on Tuesday. That’s set to increase temperatures below the surface, which then may raise sea-surface temperatures further in the coming months, it said in a fortnightly update.

El Ninos can affect weather worldwide by baking Asia, dumping rain across South America and bringing cooler summers to North America. This year’s pattern, the first since 2010, will probably bring warmer, drier weather to palm oil regions in Southeast Asia, Malayan Banking Banking Bhd. warned on Tuesday.

Tropical commodities including palm oil are to be favored over other raw materials such as gold and copper this half as the El Nino raises risks, according to Oversea-Chinese Banking Corp.

The “El Nino will persist until at least the end of 2015,” the Australian bureau said. “Models also indicate that further warming is likely. Historically, El Nino reaches its peak strength during the late spring or early summer,” it said, referring to seasons in the southern hemisphere.

Three of five sea-surface temperature indexes are at their warmest sustained weekly value since the 1997-98 event, the bureau said. The so-called temperature anomaly in the central Pacific in June was the second warmest on record for the month, behind only 1997, it said. The El Nino of 1997-98 was the strongest on record, according to data collated by the National Oceanic and Atmospheric Administration.

About Us

Asia Commodities Co., Ltd (ACC) was established by Oct 2002 under Registration No 4102011959 and changed into Asia Commodities Joint Stock Company by Oct 2010 with total share value up to 5,680,000,000VNd.

ACC main activities are:

-commodities trading: rice, coffee, rubber, pepper …

-market intelligent, hedging and brokerage services

-transportation, forwarding, logistics

In the business course, our Vision is clear and realistic.

Asian commodities are unique but under evaluated and being sold cheaply.

Taking into consideration our current comparative advantages such as perfect location, low overhead, market knowledge and relationships, we are dedicated to becoming a reliable and professional commodities trading company.

Our Missions are on practical and correct foundations .

We pursuit to apply modern, effective management approaches, highly concentrated and professional way of work to our workforce.

We aim to expand in world market meantime to tighten up relationship with local partners in various forms such as shareholders, stakeholders, partnership etc… to bring our value chain to higher level and dimension.

We set up ourselves as a well-known and trust-worthy commodities trading company and adhere to our primitive and absolute mission: Adding values to Asia .

The year 2006 takes a role as a milestone to the ACC.

In that year, ACC has achieved great results on performance.

Turn-over booms up to 180,000,000,000VNd mostly thank to contribution from coffee sector. Trading volume increases to about 8,500tons of various grades without any delay.

Other partners such as exporters, banks, clients are more connected and supportive with their crucial parts to the success of our business plans

Futures brokerage service plays a role in diversifying our business while increasing cash flow and income from service fees as well.

Market intelligent and consultancy are of great help working out accurate and on-time analysis, reports and strategies. This has given golden chance to our close and strategic partners in the value chain to have taken huge profit this crop.

Since 2007, we picked up rubber to our trading list. This decision brought up significant and positive contribution to our increased turnover and profit.

Our net profit in 2006 is about 42% and in 2010 is 68% of our equity while costs are under close control with suitable cost-cutting interventions.

Remaining upbeat about our future, agreed by our share-holders, most of the earnings will be retained for investment and expansion of the ACC.

We set our position secured in current markets and will expand to other commodities in a well studied approach.

More projects, achievements are ahead in the years to come.

After a modest but positive departure, we are in the course of a great journey.